Altcoins News

Story: ZCash (ZEC) on ZOMG White Paper v1.0 The North Star for Their Review Grants

By James Thorp

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Zcash Open Major Grants (ZOMG) is a community-elected grants committee that funds Zcash-related projects in order to bring financial privacy to everyone in the world.

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The ZOMG have just dropped their whitepaper v1.0. They say:  “This will be our North Star when we review grants.

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Michelle Lai expressed, The ZOMG is super psyched to announce our grant to a longtime leader in privacy and personal freedom; the Tor team.

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Bitcoin is the first cryptocurrency to ever exist and it ends there. Many think it is private, but it is not.  It is also slow.

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Brilliant minds on the Zcash team are excited as they claim they will be the first L1 chain with fully private smart contracts.

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Those who want privacy need more Zcash.  Unified Addresses in ZCash: This feature creates a single address that is compatible across all Zcash value pools transparent and…

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Community response was like:  Great job writing whitepaper v1.0.  I hope more people start understanding that financial privacy has nothing to do with criminality.

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'Mass surveillance' involves the process of monitoring by using pervasive technologies of a substantial proportion of a population, particularly by government agencies,…

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Mass surveillance is cited as necessary to fight terrorism, prevent crime, social unrest, protect national security, and even to control the population.

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In the process of mass surveillance there is a risk of losing privacy.  And Zk-Snark is one of the technologies that will help ensure privacy.

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